Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs
Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs
www.vanityfair.com Elon Musk Is Now $111 Billion Poorer, Thanks To His Best Bro Donald Trump’s Tariffs
It’s essentially pocket change to the world’s richest man.
Summary
Elon Musk's net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.
However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.